Quote:
Originally Posted by CDSmith
I invented the Smith maneuver.
...but it's a lot different than the one you've described. :D
But with regard to taxes and mortgages, it's worth pointing out that although your mortgage per se isn't tax deductible, your mortgage interest is.
As well, if any part of your home is considered office space (as in work space) you can write off that % of your utilities and other costs and applicable expenses... as I do every year. So in a way albeit indirectly your mortgage is at least marginally covered with write-offs.
But no, I'm not familiar with any maneuver designed to allow one's entire mortgage to become tax deductible.
Got a link?
|
http://www.smithman.net/home.html
i didnt want to link to a forum but if you look up smith manouvre in google..you will find some people talking about it.
it also brings in some heavy life insurance